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SM ENERGY ANNOUNCES NEXT ENVIRONMENTAL TARGETS — ZERO ROUTE FLARING BY 2023

SM ENERGY ANNOUNCES NEXT ENVIRONMENTAL TARGETS — ZERO ROUTE FLARING BY 2023

DENVER, Dec. 20, 2021/PRNewswire/ SM Energy Company (NYSE). SMToday, SM Energie announced that the Company has set targets to reduce Scope 1, and 2 emissions. This further demonstrates its commitment to environmental stewardship. SM Energy announces these targets:

  • Zero routine flaring at SM Energy operations, and non-routine flare not to exceed 1% natural gas production each by 2023 based upon the full year average.
  • Scope 1 and Scope 2 GHG emissions intensity to be reduced by 50% by 2030 using 2019 as the base year.
  • Maintaining its low methane emissions intensity of 0.04 (metric tonnes CH4/MBoe) at the Company’s 2020 levels is a priority.

President and Chief Executive Officer Herb VogelComments: “Feedback from stakeholders has highlighted the importance of upstream sector stewardship, especially in the important areas such as flaring, methane, and GHG emissions. Our environmental strategy includes a number of actions that are already underway and provide a pathway to SM Energy’s achievement of these targets.

FORWARD LOOKING STATEMENTS

This news release contains forward-looking information within the meanings of securities laws. Forward-looking statements can be identified by the use “targets” (or similar expressions) This release contains forward-looking statements, including flaring targets, a Scope 1 or 2 GHG emissions intensity target, and a methane emission intensity target. These statements are subject to known and unknown risks that could cause SM Energy’s actual results not to be as expected. Future results could be affected by the risks discussed under the Risk Factors section in SM Energy’s most current Annual Report on Form 10K. These risk factors may be updated periodically in the Company’s periodic reports filed with Securities and Exchange Commission (SEC), including the most recent Form 10Q. These forward-looking statements are made as of the date of this presentation. SM Energy reserves the right to update forward-looking statements at any time. However, it disclaims any obligation to do this, except as required under applicable securities laws.

ABOUT THE COMPANY

SM Energy Company, an independent energy company, is engaged in the acquisition of crude oil, natural gases, and natural gaz liquids in the state. Texas. SMEnergy regularly posts important information about the Company to its website. Visit SM Energy’s website for more information. www.sm-energy.com.

CONTACT SM ENERGY INSVESTOR

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SOURCE SM Energy Company

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